MARKET CLOSE: NZ stocks gain; investors seek value ahead of earnings season

Mon, 21 Jan 2019

By Gavin Evans Jan. 21 (BusinessDesk) - New Zealand shares rose as investors picked through mixed local and international economic signals to focus on firms likely to do better in a slowing environment. The S&P/NZX 50 index rose 50.86 points, or 0.6 percent, to 9,148.57. Within the index, 40 stocks rose, six were unchanged and four fell. Turnover was light at $67.9 million, with much of the country on holiday marking Wellington Anniversary Day. “There are pretty mixed signals on the economy and I think investors are struggling a little...

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